„TCFD"
CSRD Art. 19a, ESRS E1 Section 4.2
What does it mean?
TCFD (Task Force on Climate-related Financial Disclosures) is an international standard for the disclosure of climate-related financial risks and opportunities. From 27 September 2026, many companies will be required to report in compliance with TCFD through the Corporate Sustainability Reporting Directive (CSRD). The CSRD implements the TCFD recommendations in the European Sustainability Reporting Standards (ESRS), particularly in ESRS E1. A missing or inadequate disclosure of climate-related risks may, from this date, constitute a misleading commercial practice pursuant to § 5 UWG, as the information is material for investors and stakeholders. The reporting covers four core areas: governance, strategy, risk management and metrics/targets.
Typical phrasings
- "TCFD-compliant annual report"
- "Disclosure of climate-related risks in accordance with TCFD"
- "TCFD reporting in accordance with CSRD requirements"
What you can write instead
"Climate reporting in accordance with TCFD recommendations 2017 and ESRS E1, scenario analysis for 1.5°C/2°C/4°C pathways"
Required evidence
- ISSB IFRS S2
- TCFD recommendations 2017
- ESRS E1 (European Sustainability Reporting Standards)
Rechtsgrundlage (Originalwortlaut)
Anhang I Nr. 4a UCPD (i.d.F. EmpCo) — generische Umweltaussage ohne anerkannte Nachweise
Quelle: Richtlinie (EU) 2024/825 (EmpCo) — verbindlich ist ausschließlich die im Amtsblatt der Europäischen Union veröffentlichte Fassung.
DEDeutsch (amtlich, DE-Fassung Amtsblatt)aufklappenzuklappen
„Treffen einer allgemeinen Umweltaussage, wobei der Gewerbetreibende die anerkannte hervorragende Umweltleistung, auf die sich die Aussage bezieht, nicht nachweisen kann."ENEnglish (Official Journal, EN version)aufklappenzuklappen
„Making a generic environmental claim for which the trader is not able to demonstrate recognised excellent environmental performance relevant to the claim."FRFrançais (Journal officiel, version FR)aufklappenzuklappen
„Présenter une allégation environnementale générique au sujet de laquelle le professionnel n'est pas en mesure de démontrer l'excellente performance environnementale reconnue en rapport avec l'allégation."NLNederlands (Publicatieblad, NL versie)aufklappenzuklappen
„Het maken van een generieke milieuclaim zonder dat de handelaar erkende voortreffelijke milieuprestaties kan aantonen die relevant zijn voor de claim."